Day: August 1, 2020

Bitcoin Miners Saw 7% Revenue Increase in July

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Bitcoin miners enjoyed a 7% increase in revenue during July, driven by higher network fees and increased transaction volume as bitcoin (BTC) rallied to new yearly highs above $11,400. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Original

Why This Sex Industry Executive Loves Bitcoin

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Chaturbate executive Shirely Lara is a sex industry veteran who sees bitcoin as a crucial part of her business. The bitcoin-friendly porn executive talks with CoinDesk reporter Leigh Cuen about bitcoin, sex and feminism.  For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS. This episode is sponsored by Crypto.com, Bitstamp and Nexo.io. Chaturbate COO Shirley Lara, one of the most experienced platform executives in the adult content industry, has been keen on bitcoin’s potential since 2018.  “We accept 20 different cryptocurrencies for token purchases. The most…

Bitcoin Now ‘Perfectly on Track’ to $100K, Says Stock to Flow Creator

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PlanB, the well-known creator of the contested stock-to-flow (S2F) model, believes Bitcoin (BTC) is now well on track to reach $100,000 as the price has risen to yearly highs. The optimistic sentiment coincides with the shift in momentum from alternative cryptocurrencies, or altcoins, to BTC. He said: “I can’t make a chart for you now (at sea), but S2F model perfectly on track.” At the same time, the price of Bitcoin has increased by 17% this week, as it broke through a major three-year trendline. As Cointelegraph reported, traders seemingly…

Ethereum Classic Blockchain Splits Due to Reorg by a Single Miner

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On August 1, several figures associated with Ethereum Classic (ETC) took to Twitter to inform the community of issues with the ETC blockchain. Among the first was Ethereum Foundation member Hudson Jameson who stated that: “Exchanges need to pause deposits and withdrawals.” The official Twitter page of ETC and James Wo, founder of Ethereum Classic Labs, both confirmed the issue. A Diagnosis report was soon released to explain what happened. Although the offending miner was identified, it was not clear if it was a deliberate attack on the network. The…

Block 478,559: Bitcoin Cash Fans Worldwide Celebrate the Cryptocurrency’s 3rd Anniversary

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Three years ago at approximately 2:14 p.m. ET, the first Bitcoin Cash blocks were mined. That day, block 478,558 was the last common block found, and six hours later Viabtc mined the first Bitcoin Cash block (nr 478,559). The course of history was changed ever since this point, as the scaling debate took the dispute to a whole new level. Bitcoin Cash (BCH) proponents are celebrating the third anniversary of the chain split that took place three years ago on August 1st. The peer-to-peer electronic cash system has come a…

Blockstack CEO Says Bitcoin Is a Better DeFi Solution Than Most Think

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As interest in smart contracts surges, some Bitcoiners are asking: why can’t Bitcoin (BTC) become the foundation for smart contracts too, instead of Ethereum (ETH)? Muneeb Ali, co-founder and CEO of Blockstack open-source platform, believes that the best way to bring about a user-owned internet “is to anchor applications and smart contracts to the Bitcoin network in a way that uses Bitcoin as a reserve currency and its powerful blockchain as a security mechanism.” In a conversation with Cointelegraph, Ali stated that Bitcoin has been the king of blockchains for…

FBI Arrests Teen and Two Other People for Twitter Hack with BTC Scam

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The early investigation in the matter shows that the Florida teen managed to convince a Twitter IT department employee and tricked him into getting insider access and the credential of the Twitter accounts of some famous personalities. Law enforcement agencies are getting some big leads with respect to the people involved in the biggest Twitter hack incident in mid-July. On Friday, July 31, the FBI, U.S. Service, IRS, and Florida law enforcement have charged three people for the hack. Florida’s law-enforcement agencies say that a 17-year-old native teen Graham Ivan…

Title Token for Blockchain Estate Registry, Part 2

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Title token is a record of ownership similar to the one made in a traditional estate registry. This concept is designed as an alternative to security tokens and various financial crypto instruments. The title token is not “backed” with real property; this is the record that directly certifies the property right — the same as paper title deeds, or certificate of ownership, etc. It is a digital form of property record and the primary source of knowledge about property rights, which means no paper form is needed. The title token…

Bitcoin Hits $11.6K for First Time in a Year as Traders Expect $15K

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The price of Bitcoin (BTC) has surpassed $11,600 for the first time in 12 months buoyed by rising market sentiment. As BTC/USD demonstrates strong momentum, investors believe there is little resistance until $15,000. Cryptocurrency market daily snapshot. Source: Coin360 Bitcoin rose to as high as $11,763 on BitMEX in a sudden weekend price move. It also “filled” the CME futures gap at around $11,630, which typically does not happen during the weekend. Little resistance between $12,000 and $15,000 Meanwhile, Kyle Davis, the co-founder of Three Arrows Capital, suggests that the…